The Intelligent Investor has ratings and reviews. Monica said: Benjamin Graham’s last line in The Intelligent Investor sums up the entire bo. Download Benjamin Graham – Intelligent : Intelligent Investieren () by Benjamin Graham and a great selection of similar New, Used and Collectible Books available now.

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You have to go topic by topic like you would when learning any subject at school. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.

Benjamin Graham – Intelligent Investieren.pdf

Of course, the book encourages investing for the long term where the stock value grows along with the economy. Jan 22, Joseph rated it really liked it. By contrast, those who emphasize protection are always especially concerned with the price of the issue at the time of study.

And through the articles that Benjamin Graham wrote, To be grahham, I have never seen such a terrible book. It’s not that I wouldn’t advise anyone to read The Intelligent Investor, it’s just that if you don’t benjjamin the time to plod your way through Graham’s outdated details, either skip straight to the commentary, or check out Malkiel’s book. The “risk” you take on, in terms of volatility and uncertainty, should not depend on how close you are to intelligeny, but rather how much time you can spend on researching your investments.

A good introduction to the world of investing especially for young people looking to manage their personal finances. This book is packed with wisdom not only for investing but also for life. You must also ensure against loss if your analysis turns out to be wrong – as even the best analyses will be at least some of the time.

The margin is based on statistical data, not speculation. View all 5 comments. It requires a great deal of boldness and a great deal of caution to make a great fortune; and when you have got it, it requires ten times as much wit to keep it. View all 4 comments.


Want to Read Currently Reading Read. An investors main goal fraham be to not LOSE money; To do this one must understand the distinction between ‘investing’ and ‘speculating’ and avoid the latter. Prices sometimes reflect the inteligent, and sometimes reflect the future; because you can’t tell which, it’s hard to determine if stocks are fairly priced. Diversification across several stocks increases the certainty of profit.

It does not give you many formulas for security analysis Graham says you can read further in his earlier book Security Analysis.

But to that note one should not pick this book up for humor and entertainment as much as he should to learn. Published February 21st by HarperBusiness first published No trivia or quizzes yet. These stocks present the best opportunities for purchase according to Graham; however, the financials must not be ignored in these cases.

By using this site, you agree to the Terms of Use and Privacy Policy. This is a business’ value over its debt its ability to earn more than it needs to cover its expensesor the difference between price and value.

The Intelligent Investor by Benjamin Graham

Never predict stock’s future return by extrapolating from the past solely. Nov 09, Brent rated it it was amazing.

They just cancel each other out. Unfortunately, those trying to get rich quick without paying heed to fundamentals lose over the long term as major grahak wipe out short term gains. Several kntelligent examples are used to illustrate his points. Whether you are an avid investor with a complex understanding of the markets or a beginner who is yet to start learning, there is little doubt that you have heard of Warren Buffet.

By now I hope you have already untelligent your set of core values by which to live. Dec 02, Tim Chang rated it really liked it. However, in my opinion it is time well spent as the ability to maintain process discipline is the biggest differentiator between investors over the long term.


I stopped reading my other book and read bbenjamin book like crazy. Risk vs safety Risky investments are those that have a chance of declining in price, but a history of positive returns. Second, they think a great deal about that they do and how to do it, but they pay very little attention to what the market is doing.

You were made not to live like beasts, but to seek virtue and understanding. Apr 04, Mark rated it it was amazing Shelves: Thus, one should not rely on a financial advisor who promises the sky and raise your hopes that he can do better that the market average. Pi rated it really liked it. Its managers, all the way up to the CEO, work for you. PaperbackCollins Business Essentialspages.

Detective agents in India. I even don’t believe the author can speak English. How do you define financial success?

A Review of The Intelligent Investor by Benjamin Graham

First, they are disciplined and consistent, refusing to change their approach even when its unfashionable. Before selecting a stock, understand the company, protect yourself against serious losses, and aspire to “adequate” not extraordinary performance.

The classic book on investing by the man who taught Warren Buffett. Below are excerpts summarizing some of the key investing principles outlined in the book: Within t This is a book that has been graaham my reading list for a while – as The reference in the investment field from a fundamental analysis perspective.

But for active investors, it is recommended that they study Mr. Apr 21, D rated it really liked it. I learned some benjamon to determining the value ggraham stocks and to buy stocks with a margin of safety relative to other stocks. What kind of background is required to actually understand this book.